Inmarsat PLC (IMASY) Upgraded to “Neutral” by UBS AG
Inmarsat PLC (OTCMKTS:IMASY) was upgraded by analysts at UBS AG from a “sell” rating to a “neutral” rating in a research note issued on Wednesday, 99wallstreet.com reports.
Other equities research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Inmarsat PLC from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. ValuEngine raised shares of Inmarsat PLC from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Finally, Berenberg Bank raised shares of Inmarsat PLC from a “sell” rating to a “hold” rating in a research report on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold”.
Inmarsat PLC (IMASY) traded down $0.19 during mid-day trading on Wednesday, hitting $6.51. 2,291 shares of the company traded hands, compared to its average volume of 42,024. Inmarsat PLC has a fifty-two week low of $6.51 and a fifty-two week high of $11.19. The company has a debt-to-equity ratio of 2.06, a current ratio of 1.11 and a quick ratio of 1.07. The firm has a market capitalization of $2,979.36, a P/E ratio of 12.28 and a beta of 0.14.
Inmarsat plc provides mobile satellite communications services on land, at sea, and in the air worldwide. The company operates through five segments: Maritime, US Government, Enterprise, Aviation, and Global Government. It offers voice and data broadband services; global maritime distress and safety system services; mobile and fixed voice services; a portfolio of machine-to-machine services that provide two-way data connectivity for messaging, tracking, and monitoring of fixed or mobile assets; maritime satellite services, including very small aperture terminals and television receive only antenna services; and Global Xpress, a high-speed broadband service that offer seamless connectivity for advanced data services on land, at sea, and in the air.
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